McCormick County, South Carolina Housing Market Prices
McCormick County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 32% below the South Carolina median$162,963
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Median rent 41% below the South Carolina median Among the top 5 cheapest counties in South Carolina$695
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | McCormick County | South Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $162,963 | $239,609 | $248,835 |
| Price Trend (Annual %) | 42.3% | 8.9% | 7.5% |
| Median Gross Rent | $695 | $1,179 | $1,407 |
| Rent Trend (Annual %) | 5.6% | 4.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in McCormick County is about 32% lower than in South Carolina. Rent is about 41% lower than the South Carolina average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in McCormick County, up about 42.3% and 5.6% a year respectively. Home prices are changing faster.
Median rent in McCormick County rose about 37.2% between 2015 and 2024, from $506 to $695. Over the same span, rent in South Carolina rose about 49.3%.
Affordability
On average, housing unit costs 2.9 yearly household incomes in McCormick County.
Buying the median-priced home in McCormick County costs roughly 19.5 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in McCormick County. The price-to-rent ratio in South Carolina is about 16.9.
| Metric | McCormick County | South Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $162,963 | $239,609 | $248,835 |
| Median Household Income | $56,387 | $69,383 | $80,455 |
| Price-to-Income Ratio | 2.9 | 3.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in McCormick County rose about 156.0%, while median household income rose about 58.7% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | McCormick County | South Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.0% | 62.3% | 58.5% |
| Rental Rate | 9.0% | 24.4% | 31.2% |
| Vacancy Rate | 26.0% | 13.3% | 10.2% |
| Median Tenure (years) | 20.0 | 15.0 | 15.0 |
| Median Year Moved In | 2006 | 2011 | 2011 |
McCormick County has a homeownership rate of 65.0%, higher than the South Carolina average of 62.3%. Its housing vacancy rate is 26.0%, compared with 13.3% in South Carolina.
Housing Stock
| Metric | McCormick County | South Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.12 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1990 | 1990 | 1978 |
| Median Number of Rooms | 5.5 | 5.7 | 5.5 |
The typical housing unit in McCormick County was built around 1990. On average, 2.1 people live in a home with about 5.5 rooms, staying for about 20.0 years on average.
McCormick County, SC Housing Compared With Nearby Counties
McCormick County, SC is the smallest of the 4 counties compared here, 9,759 residents against a local median of 69,502. McCormick County, SC's median rent, at $695, runs 23% below the $897 typical of the counties around it.
The counties themselves spread $611 on median rent, so McCormick County, SC sits at one end of an already wide local range rather than apart from it. McCormick County, SC has the 4th highest median rent of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| McCormick County, SC | 9,759 | $162,963 #3/4 | $695 #4/4 | 87.9% #1/4 |
| Greenwood County, SC | 69,502 | $82,557 | $897 | 67.0% |
| Abbeville County, SC | 24,414 | $175,928 | $798 | 78.1% |
| Columbia County, GA | 162,330 | $303,017 | $1,409 | 78.1% |
Frequently Asked Questions
Common questions about the housing market in McCormick County, South Carolina.
What is the median home price in McCormick County, South Carolina?
The median home price in McCormick County, South Carolina is $162,963, lower than the South Carolina average of $239,609.
What is the average home price in McCormick County, South Carolina?
The typical home price in McCormick County, South Carolina, reported as the median sale price, is $162,963. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in McCormick County, South Carolina?
The median gross rent in McCormick County, South Carolina is $695 per month, lower than the South Carolina average of $1,179.
What was the median gross rent in McCormick County in 2020?
In 2020, the median gross rent in McCormick County, South Carolina was $804 per month.
What is the price-to-rent ratio in McCormick County, South Carolina?
The price-to-rent ratio in McCormick County, South Carolina is about 19.5, meaning it would take roughly 19.5 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in McCormick County.
Are home prices or rent rising faster in McCormick County, South Carolina?
Both home prices and rent are rising in McCormick County, up about 42.3% and 5.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in McCormick County, South Carolina?
65.0% of households in McCormick County, South Carolina own their home, higher than the South Carolina average of 62.3%.
What is the vacancy rate in McCormick County, South Carolina?
The housing vacancy rate in McCormick County, South Carolina is 26.0%, higher than the South Carolina average of 13.3%.
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